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dieselfuel

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dieselfuel

Re: None

Tuesday, 06/29/2010 12:03:34 PM

Tuesday, June 29, 2010 12:03:34 PM

Post# of 36150
Breaking 1040, and the next "bottom" I have is 841 (SP500), before any type of meaningful rally (not one I'd play on the long side, though. I'd look to re-short after covering at 841. I'm using SPXU.)

Looks like we're in a W3 down that would stop at 841. Then a W4 (up) followed by a W5 down. Then a playable rally should follow.

Maybe this all plays out in accordance with Terry L's scenario concerning his projected low in December....?

As usual, just as I see it... fwiw...

Hope everyone is still doing fine. Keep being open minded...and good luck!

df
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